The current account range deals offer £250 cash back and are available to mortgage applicants that have an active NatWest or RBS current account that was open on 1 July 2012 and is still open at the time the application is accepted.
From the current account range, the two-year fixed rate for purchase and remortgage has been reduced from 2.99% to 2.85%, with a £995 product fee.
The two-year tracker rate has been reduced from 3.49% to 3.29%, with no product fee. From the core range, the two-year fixed rate has come down to 2.99% from 2.85%, with a £995 fee while the two-year tracker rate is now 3.49%, down from 3.29%.
Interest-only is available on the current account range mortgages where the LTV is 75% or less, subject to applicants meeting the interest-only criteria.
Mark Bullard, head of sales, NatWest Intermediary Solutions, said: “I’m pleased to be able to introduce these new rates that make our 60% deals even more attractive. The current account range, which was launched last month, has been well received by intermediaries and we will be looking to continue to support them and their clients with further initiatives in the future.”
